In this book, we have analyzed and synthesized the historical
trends and the global economic implications of Biofuels from 1859
to present. We disserted expert's opinions and controversies
surrounding the costs, benefits, crops (first and second
generation) materials used for Biofuels, and also the social and
ecological implications of using Biofuels as an alternative form of
energy (Christensen, Johnson & Rigby, 2002; Christensen,
Anthony & Roth, 2004; Songstad, Lakshmanan, Chen, &
Gibbons, 2009; Kovarik, 1998). We have traversed Brazil, China,
India, Japan, Nigeria, the Netherlands, and other countries to
analyze the costs and benefits economically and socially as it
affect human kind. Further, we discovered that various leadership
styles and political considerations are inextricably intertwined
with the success and failures of implementing Biofuels as an
alternative to fossil fuels from proposal to fruition. From the
United States to other European nations and back to the developing
nations, political considerations and the type of leadership styles
ensconced in the systems enhanced or inhibited the introduction of
disruptive technologies that propagates Biofuels as disruptive
technology (Aluya, 2009; Corrin, 2008; Kovac, 2006; Peter, 2007;
Moresco, 2008; Ngo, 2007). We examined various statistical models
to explain this phenomenon of the costs and benefits generated
through the use of Biofuels as disruptive technologies. The costs
of producing Biofuels outweigh the benefits when pitted against oil
below $70 (USD) per barrel. One of the challenges we encountered
during this study centers on an industry using incumbent
technologies (i.e. fossil fuels) being asked to disrupt the
existing systems and to compete with itself in the energy market.
Interestingly, globally, leaders of various nations are willing to
give subsidies to disruptive technologies (i.e. Biofuels) to
incumbent technology so that these incumbents can compete with
themselves in the energy sector of the market.
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